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Thomas Niles Appointed Executive Vice President of Development for The Procaccianti Group

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PROVIDENCE, RI (April 29, 2005) –The Procaccianti Group (TPG) announced today it has hired Thomas Niles, a two-decade industry veteran, as Executive Vice President of Development. 

Niles joins TPG from NPV Development, LLC, in Needham, MA.  As President of NPV, he oversaw development of major projects for NPV and for a broad range of clients and real estate fund advisors across the country, including, Archon Group, Commonwealth Ventures, Evergreen Walk, LLC, GTECH Corporation and the Somerville (MA) Housing Authority.    

“We are delighted to have Tom join the TPG team,” said James Procaccianti, President and CEO of TPG. “He brings a wealth of experience in all aspects of development and will provide outstanding leadership to our rapidly expanding development practice.”

In 1999, Mr. Niles co-founded IFM Services, LLC to develop and manage Infomart Technology Communities in Dallas, Los Angeles, Houston and Boston.  He was responsible for the acquisition, financing, permitting and development of properties totaling 2.5 Million square feet and $187 Million in land and development costs in 18 months.  

Prior to Infomart, Mr. Niles was a Partner and Senior Vice President with Trammell Crow Company, providing acquisition, entitlements, financing and development of commercial, retail, residential and mixed-use projects throughout New England and the greater New York metropolitan area.  Developed properties included The Wyndham Batterymarch Hotel in Boston, Burlington Centre Office Park and the Festival at Hyannis on Cape Cod.  

Niles began his career with Gilbane Building Company on projects including Fleet Center in Providence and 745 Atlantic Avenue, Boston.

Niles is a member of the Urban Land Institute and the National Association of Real Estate Investment Trusts.  He was commissioned as an officer in the US Army in 1983 and served as a Captain and Company Commander in the Rhode Island National Guard after completing his active duty. Niles earned a Bachelor of Science in Civil Engineering from the University of Rhode Island, where he was also Football Co-Captain.

About The Procaccianti Group
In business nearly fifty years, The Procaccianti Group (TPG) is a full-service, 
privately-owned real estate company that acquires, manages and renovates hotel and mixed-use properties. Headquartered in Cranston, RI, TPG is involved in all aspects of the hotel industry, including finance sourcing, construction, design, ownership and property management. For more information, go to www.procgroup.com

Contact:

David Preston
(401) 453-3100 x102 
dpreston@trioncom.com 
 

Also See: The Rhode Island Convention Center Authority Votes to Sell the State-owned Westin Providence to The Procaccianti Group; The Board Rejects Governor of Rhode Island Plea to Halt Sale / March 2005
The Procaccianti Group Part of Venture Proposing a $100 million Westin Hotel and Condominium in Portland, Maine / April 2005

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